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Friday May 30, 2014
News Articles

John Boehner: 'I'm Not Qualified To Debate The Science Over Climate Change'
thinkprogress.org/ | Katie Valentine | 05/29/14

House Speaker John Boehner said Thursday that though he doesn't feel qualified to "debate the science" of climate change, he does know that the Obama administration's efforts to mitigate the problem are bad for the country.

"Listen, I'm not qualified to debate the science over climate change," Boehner said when asked by a reporter whether he thinks climate change is a problem, and whether he would support taking action to fix it. "But I am astute enough to understand that every proposal that has come out of this administration to deal with climate change involves hurting our economy and killing American jobs. ... Read more

More Foreclosures Means More Suicides, Study Finds
thestranger.com | Ansel Herz | 05/27/14

South Seattle woman Phyllis Walsh shot herself on her front lawn two days before her eviction last year, after she was foreclosed on by US Bank, as I reported. She thought she was in the "middle of a refinance," according to her suicide note.

I've been struck every time I've listened to someone talk about going through foreclosure: They all describe in similar terms how the process hollows out your hopes, how being buried in paperwork and slowly but surely losing one's home makes you feel alone and desperate. Now, a study by researchers from the University of Wisconsin-Madison and Purdue University confirms that an increase in foreclosures during the past six years drove up the suicide rate: ... Read more

Big Dairy Is Putting Microscopic Pieces of Metal in Your Food
MotherJones | Tom Philpott | 05/28/14

... According to the Project on Emerging Nanotechnologies (PEN)--a joint venture of Virginia Tech and the Wilson Center--there are more than 1,600 nanotechnology-based consumer products on the market today. If SmartSilver Anti-Odor Nanotechnology Underwear sounds like a rather intimate application for this novel technology, consider that the PEN database lists 96 food items currently on US grocery shelves that contain unlabeled nano ingredients. Examples include Dannon Greek Plain Yogurt, Silk Original Soy Milk, Rice Dream Rice Drink, Hershey's Bliss Dark Chocolate, and Kraft's iconic American Cheese Singles, all of which now contain nano-size titanium dioxide. As recently as 2008, only eight US food products were known to contain nanoparticles, according to a recent analysis from Friends of the Earth--a more than tenfold increase in just six years. ... Read more

What If Nanoparticles Are Sickening American Workers Who Don't Even Know They're Being Exposed?
MotherJones | Tom Philpott | 05/29/14

On Wednesday, I wrote about how nanotechnology--which involves microscopic particles of common substances--is rapidly pervading the food supply, despite health concerns raised by the Food and Drug Administration. But food is just one of the ways people interact with this ubiquitous and little-discussed technology. Another one is the workplace.

Nanoparticles are known to be used used in more than 1,600 consumer products, from athletic socks and bed sheets to toothpaste. Globally, the nanotech industry is worth about $20 billion per year. That's a lot of superfine particles that have to be manufactured, delivered, and added to the various end products by workers. ... Read more

Glenn Greenwald's No Place to Hide Reveals the Secrets Behind Edward Snowden's Revelations
reason.com | Andrew Napolitano | 05/29/14

... No Place to Hide not only tells of Snowden's initially frustrating and anonymous efforts to reach out to Greenwald and the others; it not only carefully explains the insatiable appetite of the NSA to learn everything about everyone ("Collect it all" was a continuously posted NSA motto). It is also a morality tale about the personal courage required of Snowden and Greenwald and his colleagues to expose government wrongdoing and the risk to their lives, liberties, and properties in doing so. ... Read more

DemocracyNow Daily News
Democracy Now! U.S. and World News Headlines for Friday, May 30 [10:09]
*DN | "How Immigration Became Illegal": Aviva Chomsky on U.S. Exploitation of Migrant Workers (05/30/14) [12:50]
TRNN News
TRNN | NBC's Snowden Interview Overlooks Pre-9/11 Data Collection by the NSA (05/30/14) [10:21]
TRNN | Costas Lapavitsas: Financialization and the Collapse of European Social Democracy, Part 7 (05/30/14) [10:25]
Bill Moyers
*Bill Moyers | The Nobel Prize-winning economist Joseph E. Stiglitz on why America's future prosperity depends on tax reform today. (05/30/14) [22:10]
Fox News
Fox News | O'Reilly To Megyn Kelly: 'You're Buying Into This Fraud' Of Income Inequality (05/30/14) [2:23]
NBC News
*NBC News | Edward Snowden Exclusive Interview with NBC Brian Williams (05/29/14) [43:19]
PBS Frontline
*PBS Frontline | United States of Secrets Part 1 The Program (05/15/14) [1:54:11]
*PBS Frontline | United States of Secrets Part 2 The Program (05/21/14) [53:41]
*TYT News
Diane Rehms Show
Diane Rehm Domestic News - Friday (05/30/14) [1hr]
International News - Friday (05/30/14) [1hr]
Revealing Graphics
Click to zoom - Major Cause of Death
Click to zoom - How Your Taxes are Spent
Click to zoom - Defense Budget
Click to zoom - Who's Responsible for National Debt
Click to zoom - Top Corporate Tax Rate

05.30.2014. 13:30

Thursday May 29, 2014
News Articles

U.S. Economy Shrinks For The First Time In 3 Years
Reuter & HP | author | 05/29/14

The U.S. economy contracted in the first quarter for the first time in three years as it buckled under the weight of a severe winter, but there are signs activity has since rebounded. The Commerce Department on Thursday revised down its growth estimate to show gross domestic product shrinking at a 1.0 annual rate.

It was the worst performance since the first quarter of 2011 and reflected a far slower pace of inventory accumulation and a bigger than previously estimated trade deficit. The government had previously estimated GDP growth expanding at a 0.1 percent rate. It is not unusual for the government to make sharp revisions to GDP numbers as it does not have complete data when it makes its initial estimates. Read more

30 Percent Of World Is Now Fat

7 States Running Out Of Water: 24/7 Wall St.
24/7 Wall St. | Alexander E.M. Hess | 05/24/14

In seven states drought conditions were so severe that each had more than half of its land area in severe drought. Severe drought is characterized by crop loss, frequent water shortages, and mandatory water use restrictions. Based on data from the U.S. Drought Monitor, 24/7 Wall St. reviewed the states with the highest levels of severe drought.

Click to zoom - US Drought Monitor
7. Texas
> Pct. severe drought: 56.1%
> Pct. extreme drought: 39.9% (4th highest)
> Pct. exceptional drought: 20.7% (3rd highest)

6. Oklahoma
> Pct. severe drought: 64.5%
> Pct. extreme drought: 50.1% (2nd highest)
> Pct. exceptional drought: 30.4% (the highest)

5. Arizona
> Pct. severe drought: 76.3%
> Pct. extreme drought: 7.7% (9th highest)
> Pct. exceptional drought: 0.0%

4. Kansas
> Pct. severe drought: 80.8%
> Pct. extreme drought: 48.1% (3rd highest)
> Pct. exceptional drought: 2.8% (6th highest)

3. New Mexico
> Pct. severe drought: 86.2%
> Pct. extreme drought: 33.3% (6th highest)
> Pct. exceptional drought: 4.5% (5th highest)

2. Nevada
> Pct. severe drought: 87.0%
> Pct. extreme drought: 38.7% (5th highest)
> Pct. exceptional drought: 8.2% (4th highest)

1. California
> Pct. severe drought: 100.0%
> Pct. extreme drought: 76.7% (the highest)
> Pct. exceptional drought: 24.8% (2nd highest)
Read more

Someone Is Dead Wrong About The Economy
magazine | author | date

Bottom line: someone is dead wrong on the economy, but we are glad that the weathermen formerly known as economists are putting all these timestamps out there in the public domain. Because we eagerly look forward to seeing just what the scapegoat will be when Q2 GDP mysteriously fails to soar to 4%. And judging by what the bond market is doing, the only place that may see 4% growth in Q2 is China (net of all the fabricated data of course). ... Read more

DemocracyNow Daily News
Democracy Now! U.S. and World News Headlines for Thursday, May 29 [11:33]
DN | The Case for Reparations: Ta-Nehisi Coates on Reckoning With U.S. Slavery & Institutional Racism (05/29/14) [7:43]
*DN | Exclusive: Bush Committed War Crimes Says Ex-Counterterrorism Czar Richard Clarke (05/29/14) [2:03]
TRNN News
*TRNN | Journalist Dahr Jamail & Professor Peter Wadhams: Melting Polar Ice Caps a "Ticking Timebomb" for Earth's Climate System (05/29/14) [15:26]
Bill Moyers
Bill Moyers | Joseph E. Stiglitz: Let's Stop Subsidizing Tax Dodgers (trailer) (05/28/14) [0:25]
Diane Rehms Show
Diane Rehm America In The World: Assessing President Obama's Foreign Policy Leadership. (05/29/14) [1hr]
Ring of Fire News
*Ring of Fire: The Disappearing Middle Class (05/28/14) [11:27]
The middle class is disappearing from America, and part of the reason is because the system has become so rigged that a middle class is no longer possible. Our politics, our laws, and our economy are all skewed in favor of the 1%.
Ring of Fire: U.S. Chamber Buying Attorney General Races (05/27/14) [10:49]
The U.S. Chamber of Commerce is pumping millions of dollars into state attorney general races this year, hoping that they can buy enough power to end investigations into corporate crimes. If they succeed, there will be very little recourse for their members the next time they break the law.
Ring of Fire: Systemic Fraud Uncovered In Privatized Schools (05/27/14) [8:03]
The House of Representatives recently passed a measure that would hand $300 million dollars worth of taxpayer money over to charter schools. Not only do corporations who are looking to make a profit typically run these schools, but they are also ripe with fraud.
Other News
A Galaxy Far, Far Away...Will Hit Ours
Recently Hubble Space Telescope measurements have confirmed that the Milky Way will collide with a sibling galaxy known as the Andromeda nebula in about two billion years.
Neil deGrasse Tyson Destroys Climate Deniers (short) () [2:33]
When the video window appears, pease scroll down about an inch. I noticed that the FOX servers are a little slow so be patient.
*Cosmos | The Electric Boy: the beginnings of high technology (S01E10) (05/18/14) [40:33]
*Cosmos | The Immortals: Contemplate the future with a hopeful vision. (S01E11) (05/25/14) [42:30]

05.29.2014. 15:57

Wednesday May 28, 2014
News Articles

America is an oligarchy, not a democracy or republic, university study finds
Washington Times | Cheryl K. Chumley | 05/21/14

America is no longer a democracy -- never mind the democratic republic envisioned by Founding Fathers.

Rather, it has taken a turn down elitist lane and become a country led by a small dominant class comprised of powerful members who exert total control over the general population -- an oligarchy, said a new study jointly conducted by Princeton and Northwestern universities.

One finding in the study: The U.S. government now represents the rich and powerful, not the average citizen, United Press International reported.

In the study, "Testing Theories of American Politics: Elites, Interest Groups and Average Citizens," researchers compared 1,800 different U.S. policies that were put in place by politicians between 1981 and 2002 to the type of policies preferred by the average and wealthy American, or special interest groups.

Researchers then concluded that U.S. policies are formed more by special interest groups than by politicians properly representing the will of the general people, including the lower-income class.

"The central point that emerges from our research is that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while mass-based interest groups and average citizens have little or no independent influence," the study found.

The study also found: "When a majority of citizens disagrees with economic elites and/or with organized interests, they generally lose." Read more
Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens.pdf
Although Geithner's 'Stress Test' is an entertaining story, the result of reading it alongside 'House of Debt' is damning.

How Timothy Geithner Failed His Stress Test
america.aljazeera.com/ | Mike Konczal | 05/22/14

Two books published this month offer radically disparate interpretations of the Great Recession and its aftermath. They each tell a very different story about the housing bubble, the 2008 financial crisis and the weak recovery that has followed. In one version, the bailout of the Wall Street banks is the hero, keeping the Great Recession from becoming a replay of the Great Depression. In the other, the bailout is a sideshow, even a distraction, to the real story about our economy. The interpretation that gains traction will determine how the recession is understood, what went right and wrong, and who is ultimately to praise and blame.

The first book is "Stress Test," former Treasury Secretary Timothy Geithner's memoir. Although he discusses his education, world travels as a young person and experiences in the Clinton administration, the bulk of the narrative is a first-person account of the financial crisis and subsequent bailouts. Unlike other books about the bailouts, such as "Too Big to Fail" by Andrew Ross Sorkin and "On the Brink" by Geithner predecessor Hank Paulson, "Stress Test" provides a point of view from within the first term of the Obama administration.

The second is "House of Debt," by Atif Mian and Amir Sufi, economists at Princeton and the University of Chicago, respectively. In it they describe the large amount of empirical research carried out since 2008 to try and understand what went wrong in the financial markets and in the economy as a whole. Much of this work was either generated by the two authors or in response to them, and their command of these debates and the underlying data is impressive.

The books offer very different reading experiences. "Stress Test" is massive, at over 500 pages; "House of Debt" is barely 200. "Stress Test" is filled with clever humor and day-to-day observations during the economic crash. "House of Debt" reads as an excellent summary presentation of the recession to date, with each page packed with data. As opposed to many economists who try to force their pet theory onto the recession, Mian and Sufi let the research speak for itself. ... Read more
Dumb Quote of the Day
Joe The Plumber: 'Your Dead Kids Don't Trump My Constitutional Rights' To Have Guns.

Interview with Mian & Sufi on "House of Debt", and a review
ftalphaville.ft.com/ | Cardiff Garcia | 05/28/14

... To prevent a similar catastrophe in the future, the financial system should move away from debt contracts that impose all losses on debtors and towards equity-like and hybrid instruments. Future losses must be shared more equitably between creditors and debtors, the expectation of which would convince lenders to act more prudently. A good first step would be for the government to start eliminating subsidies for debt, such as the mortgage interest deduction. ... Read more
House of Debt website
House of Debt publisher

Tim Geithner and the Wall Street Bailout Redux
magazine | Robert Reich | 05/20/14

Timothy Geithner's new book about the financial crisis, "Stress Test," is basically an argument that the Wall Street bailout succeeded. That's hardly surprising, given that Geithner was in charge of the bailout when Treasury Secretary (as was his predecessor at Treasury, Hank Paulson), and so has an inherent interest in telling the public it succeeded.

Even so, the bailout clearly did succeed, if success means avoiding another Great Depression.

But another Great Depression might have been avoided if the crisis had been handled differently -- for example, by allowing the bankruptcy laws to do what they were intended to do, and forcing the big Wall Street banks to reorganize under them.

In fact, the bailout was a colossal failure in several respects Geithner barely mentions in his book, or avoids completely:

(1) The biggest Wall Street banks are now bigger than ever, and no sane person on or off the Street now believes Washington will ever allow them to fail -- which means they'll continue to make big, risky bets because they know they can't fail. And they'll get even bigger because big depositors and lenders know they'll never fail and therefore demand lower interest rates than demanded from smaller banks.

(2) No Wall Street executives have ever been prosecuted for what they did to the country, which means even more rampant irresponsibility in executive suites as well as even deeper cynicism in the public about the political power of Wall Street.

(3) The bailout helped the banks but did little or nothing for the tens of millions of Americans who lost billions of dollars in home equity and savings, and the millions more who lost their jobs. The toll was greatest on the poor and the middle class, who still haven't recovered their losses, even though Wall Street has fully recovered (and then some). Nor have reforms been enacted that will help the middle class and the poor the next time Wall Street implodes.

So pardon me if I take issue with Tim Geithner. The bailout was a success in the narrowest terms. Seen more broadly it was a terrible failure.

We'd have done better had we forced the biggest Wall Street banks, including the giant insurer AIG, to reorganize under bankruptcy rather than bail them out.
DemocracyNow Daily News
Democracy Now! U.S. and World News Headlines for Wednesday, May 28 [11:45]
TRNN News
*TRNN | Costas Lapavitsas: 40% of Profits Buys A Lot of Politicians, Part 6 (05/28/14) [12:57]
TRNN | Michael Hudson: Voters Reject Traditional Left Parties In EU Parliament Elections (05/28/14) [9:33]
TRNN | Professors Trevor Evans & John Weeks: EU Election Results Reflect Widespread Disapproval Of Austerity Policy Throughout Europe (05/28/14) [20:18]
Jon Stewart - Daily Show
*Jon Stewart | Timothy Geithner Extended Interview (05/21/14) [42:20]
If the above doesn't work, try the source below.
Jon Stewart | Timothy Geithner Extended Interview (05/21/14) [42:20]
Financial Times News
FT | Interview with Mian & Sufi on "House of Debt", and a review (05/28/14) [23:47]
Bill Moyers
Bill Moyers | REPLAY: Zombie Politics and Casino Capitalism (older, but good) [first half]
Dylan Ratigan
This is from several years ago on the Dylan Ratigan Show. It was good then, and still true NOW!
Dylan Ratigan | loses it on air (2011) [4:45]
Diane Rehms Show
Diane Rehm *New Data On Whether College Is Worth The Debts (05/28/14) [1hr]
Who's Responsible for National Debt - Click to zoom
Top Corporate Tax Rate - Click to zoom

05.28.2014. 11:21

Tuesday May 27, 2014
News Articles

Populists' Rise in Europe Vote Shakes Leaders
NYTimes | Andrew Higgins | 05/26/14

An angry eruption of populist insurgency in the elections for the European Parliament rippled across the Continent on Monday, unnerving the political establishment and calling into question the very institutions and assumptions at the heart of Europe's post-World War II order.

Four days of balloting across 28 countries elected scores of rebellious outsiders, including a clutch of xenophobes, racists and even neo-Nazis. In Britain, Denmark, France and Greece, insurgent forces from the far right and, in Greece's case, also from the radical left stunned the established political parties. ... Read more

The Appeal of the Fringe
NYTimes | author | 05/26/14

In the elections for the European Parliament over the weekend, many traditional, centrist political parties lost ground to smaller or upstart parties from both sides of the spectrum. The charts below show the percentage of the vote won by selected political parties, with the upstarts in bold. ... Read more

Carbon Dioxide Levels Topped 400 PPM Throughout Northern Hemisphere In April, WMO Says
Reuters | Tom Miles | 05/26/14

GENEVA, May 26 (Reuters) - Carbon dioxide levels throughout the northern hemisphere hit 400 parts per million (ppm) for the first time in human history in April, an ominous threshold for climate change, the World Meteorological Organization said on Monday.

The 400 ppm level in the atmosphere, up 40 percent since wide use of fossil fuels began with the Industrial Revolution, is rapidly spreading southwards. First recorded in 2012 in the Arctic, it has since become the norm for the Arctic spring.

"Time is running out," WMO Secretary-General Michel Jarraud said in a statement. ... Read more



DemocracyNow Daily News
Democracy Now! U.S. and World News Headlines for Tuesday, May 27 [11:25]
DN | Will Election Unite Ukraine? Dozens Killed in Airport Battle as President-Elect Vows Russia Talks (05/27/14) [6:11]
DN | #YesAllWomen: Rebecca Solnit on the Santa Barbara Massacre & Viral Response to Misogynist Violence (05/27/14) [4:38]
The Rise of the Euroskeptic Right-wing in Europe (05/26/14) [2:28]
TRNN News
TRNN | Costas Lapavitsas: The Financialization of Big Business, Part 4 (05/25/14) [13:24]
TRNN | Costas Lapavitsas: Is Financialization Necessary for a Modern Economy?, Part 5 (05/27/14) [17:55]
TruthLoader
TruthLoader | The corporations and landowners causing hell for Haiyan survivors (05/22/14) [10:11]
TruthLoader | The Great Climate Change Conspiracy (05/14/14) [17:40]
Diane Rehms Show
Diane Rehm Debate over 'Right-to-Try' Laws (05/27/14) [1hr]
Lawmakers in three states have passed so-called "Right-to-Try" laws, which give terminally ill patients access to experimental drugs without FDA approval. Diane and guests discuss the growing demand for these laws and whether they jeopardize patient safety.
TYT News
TYT | Was Congress Right to Cut Off Long Term Unemployment Benefits? (05/26/14) [5:22]
TYT | Which Party Should Control Congress? AP/Gallup POLL Results (05/26/14) [5:19]

05.27.2014. 10:15

Monday May 26, 2014
News Articles

Michigan Politician Compares Gays To Nazis, Rejecting Anti-Discrimination Bill
HP | Lila Shapiro | 05/22/14

The city council in Saginaw, Michigan, spent a few hours this week debating an ordinance that would have banned local businesses from firing or refusing to serve gay, lesbian, bisexual and transgender people because of their sexuality or gender identity.

Supporters argued that the measure would benefit the local economy by sending friendly signals to LGBT entrepreneurs and, more generally, to young people, who overwhelmingly support gay rights, according to polls. ... Read more

Fractional-Reserve Banking: From Goldsmiths To Hedge Funds To... Chaos
ZeroHedge | author | 05/23/14

Banking didn't start out as a reckless, parasitical plaything of a moneyed and politically-connected aristocracy. In the beginning, in fact, bankers weren't even bankers. They were jewelers and goldsmiths who had to maintain their inventory with vaults, guards etc., and offered storage services to others with valuables to protect. So the original banks were, in effect, very safe warehouses. ... Read more

The 95 Percent Doctrine: Climate Change as a Weapon of Mass Destruction
Bill Moyers | Tom Engelhardt | 05/23/14

Who could forget? At the time, in the fall of 2002, there was such a drumbeat of "information" from top figures in the Bush administration about the secret Iraqi program to develop weapons of mass destruction (WMD) and so endanger the United States. And who -- other than a few suckers -- could have doubted that Saddam Hussein was eventually going to get a nuclear weapon? The only question, as our vice president suggested on "Meet the Press," was: Would it take one year or five? And he wasn't alone in his fears, since there was plenty of proof of what was going on. For starters, there were those "specially designed aluminum tubes" that the Iraqi autocrat had ordered as components for centrifuges to enrich uranium in his thriving nuclear weapons program. ... Read more

Elliot Rodger's fatal menace: How toxic male entitlement devalues women's and men's lives
Salon | Katie Mcdonough | 05/25/14

We don't yet know much about the six innocent women and men who were killed in Isla Vista, California late Friday night, but we have come to know a few things about the man who is alleged to have murdered them. Hours before he is believed to have fatally stabbed and shot six people and wounded 13 others in that coastal college town, Elliot Rodger filmed a video of himself -- palm trees behind him, the glow of an orange sun highlighting his young face -- and vowed to get "revenge against humanity." ... Read more

A Guide to Mass Shootings in America
MotherJones | Mark Follman | 05/24/14

America's latest mass shooting took place in Santa Barbara on Friday night. The New York Times reports: "A college student who posted videos that documented his rage against women for rejecting him killed six people and wounded 13 others during a spasm of terror, the police said. He stabbed three men to death in his apartment and shot the others as he methodically opened fire on bystanders on the crowded streets of this small town." According to the LA Times, the guns he used—two Sig Sauer p226 model handguns and a Glock 34—were legally purchased from federally licensed dealers and were registered to the killer, who after a shootout with police ended his own life with a bullet to the head. ... Read more
Click to zoom - A Guide to Mass Shootings in America

TRNN News
*TRNN | REPLAY: The Video that Bradley Manning says Pushed Him to Upload to Wikileaks (05/12/10) [13:07], Part 2 [11:43], Part 3 [11:20], Part 4 [10:45]
Elizabeth Warren
Elizabeth Warren's Powerful Speech on Raising the Minimum Wage After the Vote Lost (05/24/14) [4:42]
PBS Frontline
PBS Frontline | United States of Secrets Part 1 The Program (05/15/14) [1:54:11]
*PBS Frontline | United States of Secrets Part 2 The Program (05/21/14) [53:41]
Jon Stewart - Daily Show
*Jon Stewart | Timothy Geithner Extended Interview (05/21/14) [42:20]
If the above doesn't work, try the source below.
Jon Stewart | Timothy Geithner Extended Interview (05/21/14) [42:20]
Karen Hudes WORLD BANK Insider
World Banker Karen Hudes Reveals Secret US Constitution (04/01/14) [22:52]
Karen Hudes WORLD BANK Insider reveals who`s behind the throne (02/23/14) [15:00]
Click to zoom -

05.26.2014. 11:32

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